Parity Finance
Summary
This audit report, prepared by Quantstamp, provides a security assessment of the Parity Finance stablecoin and staking programs. Overall, we found that the code is well-written, follows best practices, and is structured in a clear and maintainable way. Importantly, we did not identify any critical security vulnerabilities during the audit. While the codebase is robust, there is room for improvement, particularly in the area of testing. We recommend increasing the depth and breadth of the testing framework to include edge cases that will ensure the system’s reliability across a wider range of scenarios. Please note that in this audit, QS has focused on the security of smart contracts and the governance processes of the protocol but has not explicitly assessed the particular investment strategies employed by Parity Finance. **Update:** The Parity Finance team has resolved all identified issues from the audit, fixing the medium and low-severity findings with improved validation and checks. Informational issues were either addressed or acknowledged as intentional design choices. These updates have made improvements on the protocol's security and reliability. For further improvements, we recommend the team continue to improve their testing scope and coverage to ensure more robust and comprehensive resilience against further potential edge cases.
